Depreciation - Running

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Distribution

Director of Fixed Assets Accounting

FA Administrator

Related Procedures

None

Ownership

The Director of Fixed Assets Accounting is responsible for ensuring that this document is necessary, that it reflects actual practice, and that it supports corporate policy.

IS Assets
N ® Depreciation ® Run Depreciation
Run Depreciation

Run Depreciation

1. In the Run Depreciation window, choose the book for which depreciation will be run using the LOV [Ctrl-L].

2. Click the check box for 'Close Period' only if the period must be closed.

3. Click [Run] to submit concurrent requests to automatically calculate gains and losses for any unprocessed retirements, depreciation expense, and reporting programs.

Note: You cannot enter transactions for the book while depreciation is running.

Note: IS Assets automatically runs the Journal Entry Reserve Ledger Report when you run the depreciation program for a corporate book, so you can review the depreciation calculated.

4. Review the log files and report after the request is completed.

Note: The depreciation program creates new depreciation rows with updated year-to-date depreciation expense amounts for each asset. It resets these amounts for the first depreciation run of the new fiscal year.

Effective: 08/18/04

Revision: 2

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